Amazon, Fourth Largest U.S. Retail Employer, May Become Big Job Killer

Amazon is currently holding a multi-city job fair where it is expected to hire more than 50,000 people for retail jobs. But, in what seems to be a paradox, the company is also steadily employing robots at its plants and is developing technology which would one day take over these jobs, and replace humans at its warehouses. The company, which has given retail giants such as Walmart and Kroger a run for their money is the fourth largest retail employer in the U.S. Walmart leads in terms of jobs, with 2.3 million employees on its rolls, Kroger comes in second with 443,000 employees and Home Depot is on third place with 406,000 staffers. Amazon currently employs 341,000 employees, but is looking to hire more, which could soon push it to number three. Read: Walmart Plans To Create 1.5 Million Jobs, Unveils Manufacturing Strategy The company is also offering good incentives -- a minimum wage of $14 along with health insurance, retirement savings plan and stock awards, which is why thousands of people are queuing up for positions at its fulfillment centers.